JPMorgan European Growth & Income plc commences an Equity Buyback Plan for 65,492,951 shares, representing 14.99% of its issued share capital, under the authorization approved on July 7, 2022.

JPMorgan European Growth & Income plc (LSE:JEGI) commences share repurchases on July 18, 2022, under the program mandated by the Annual General Meeting held on July 7, 2022. As per the mandate, the company is authorized to repurchase up to 65,492,951 shares, representing 14.99% of the issued share capital. The minimum price to be paid for the shares shall be 0.5p per share.

The maximum price which may be paid for any ordinary share shall be an amount equal to 105% average of the middle market quotations for a share taken from and calculated by reference to the London Stock Exchange Daily Official List for the five business days immediately preceding the day on which the share is purchased or the price of the last independent trade or the highest current independent bid. The authority will be renewed at company's Annual General Meeting in 2023, or January 8, 2024, whichever is earlier. As at June 6, 2022, the company had 436,986,529 issued and outstanding shares.